KindlyMD (NAKA), a healthcare services provider, has taken a significant step in its bitcoin treasury strategy by acquiring 21 BTC—marking a symbolic milestone as the company now holds one-millionth of the total bitcoin supply, with ambitions to eventually own one million bitcoins.
The recent purchase, valued at approximately $2.3 million at an average price of $109,027 per bitcoin, was funded through the exercise of some of KindlyMD’s outstanding warrants, according to a Tuesday press release.
“Our first one-millionth of all bitcoin, on our way to owning 1,000,000 bitcoin,” tweeted David Bailey, founder and CEO of Nakamoto Holdings. He added the vision: “1 Nakamoto = 1m Bitcoin.”
Following the announcement, NAKA shares rose 3.9% on Tuesday.
Earlier this month, on May 12, KindlyMD revealed plans to merge with Nakamoto Holdings to pursue a bitcoin accumulation strategy inspired by the approach of Strategy (MSTR). The merged company has already secured $710 million in financing to support its goals.
Additionally, KindlyMD announced on May 21 that it will partner with Anchorage Digital to provide exclusive custody and trading services once the merger is finalized.
The merger between KindlyMD and Nakamoto Holdings is expected to close in the third quarter of 2025.
